25
See all 25 photos
$849,000
Est. payment /mo
7,840 Sqft Lot
Active Under Contract
110 E Prairie Street Marengo, IL 60152
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UPDATED:
01/13/2025 08:21 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12136437
Year Built 1900
Annual Tax Amount $12,632
Tax Year 2023
Lot Size 7,840 Sqft
Lot Dimensions 90 X 60 X 88 X 58
Property Sub-Type Multi Family 5+
Property Description
Prime Investment Opportunity in Downtown Marengo - Fully Leased 10-Unit Apartment Building. Located in the heart of Marengo, IL, presents an exceptional investment opportunity. The property has undergone recent updates, enhancing its appeal and boosting rental income. Constructed with durable brick and block, the building requires minimal maintenance, making it a hassle-free investment. Tenants are responsible for their own electric bills, while the landlord only covers real estate taxes and water, with no natural gas utilized on the property. The building offers an excellent opportunity for investors seeking a low-maintenance, high-return asset. This property is ideally located within walking distance to local restaurants, banks, bars, and other conveniences. This fully leased, updated apartment building offers an outstanding opportunity for both seasoned investors and those new to the market, providing strong cash flow with low operational costs and minimal management requirements.
Location
State IL
County Mchenry
Zoning COMMR
Interior
Cooling None
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
View Y/N true
Building
Structure Type Brick,Concrete
Others
HOA Fee Include Water
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Janelle Vik • Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "